“Tanzania is studying proposals by the country’s stock market regulator to scrap limits on foreignshare ownership, providing a further spur to Africa’s best-performing equities gauge. Plans by the Capital Markets and Securities Authority to change rules that cap foreign holdings of listed companies to 60 percent are with Tanzania’s Finance Ministry for approval. The amendments are expected to be implemented by the end of this year, he said. The 11-member Tanzania Share Index gained 50 percent in 2014, the most among 17 African gauges tracked by Bloomberg, with Tanzania Breweries Ltd., National Microfinance Bank Ltd., and Tanzania Cigarette Co. leading the advance.”
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